This is a shortened trading week because of the Holidays. Trading will be lighter, and portfolios willl be adjusted, so we suspect the potential for two way trades.
We will have limited signals this week because of the low volume, and because our instructions for entry/exit are very specific.
Puts were profitable to 25% on Friday on the downturn, but losses on the call were averaged at 18%, and it was the only trade we could manage all week. That's how low volatility, and how tight the trade range has been.
Alert Update: This same alert holds for Monday through Wednesday, the real trading days of the market. We are closed 12/24 and 12/25 and there will be no alerts.
The alerts Tuesday and Wednesday, because of these market conditions, will merely keep up "updated" on our dual play.
Important Note: The Options Clearing Corporation (CC) has enacted an industry wide initiative known as the Options Symbology Initiative (OSI). The new options symbology will expand the current options series key, commonly referred to the as the OPRA symbol, from a 5 character (OEBLK, as an example) convention to a new key that accommodates up to 22 characters.
This will effect the "names" of the symbols we provide you, and is taking place throughout January, 2010. Please check with your brokerage to understand the new symbols.P
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